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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: D. Plen who wrote (151105)1/12/2000 10:11:00 AM
From: rudedog  Respond to of 176387
 
DP -
I sold May 50 covered calls (DLQEJ) at 5, I will probably buy them back - almost did yesterday. If I do, I would think about selling puts... maybe DLQNI Feb 45s which were over 5 yesterday. That would effectively give me DELL at 40 if put to me, which I think I would be comfortable with, if it happened...

Those INTC puts look pretty safe - money in the bank IMO. Always easy to say that we should have bought more but there's only so much exposure I want at any given time to the downside of a put sale.

I bought a bunch of LU APR 55 calls on the cheap the other day, that looks like it was also a good play. I hold a fair amount of LU and that seemed like the cheapest way to make a bet on the drop... Still looking OK on the TYC calls I bought... SUNW calls looking a little weak, but LEAPs are still up a couple of points, I think Kelley did a better option play on SUNW than I did (went over to the dark side and bought puts, I think he has cashed out twice). Will probably unload my CPQAD Jan 20 calls in the next few days, in at 5/8 and currently over 8. They have been up over 10 in the last week or so - I will probably get out if they go over 9.